The (Critics) History of Warren Buffett's 80 Year Career

Video Description

To learn for free on Brilliant, go to http://www.brilliant.org/howhistoryworks. Brilliant’s also given our viewers 20% off an annual Premium subscription, which gives you unlimited daily access to everything on Brilliant. ---- Sign up for my FREE newsletter! - https://www.compoundeddaily.com/ ------ #warrenbuffett #History #business Link To Our Other Channel: https://www.youtube.com/c/HowMoneyWorks Written By: Sam Video Created By: Svibe Multimedia Studio Editor: Cardan Media Gatherer: Andrea Rivas Footage Courtesy of: Getty Images Music Provided By: Epidemic Sound 📩 Business Inquiries ➡️ [email protected] ---- Even people who know nothing about business or finance will know the name Warren Buffett. As the story goes he purchased his first shares over 83 years ago, and since then he has had what many consider to be the greatest investing career of all time. His prudent approach to picking (and at times creating) winning businesses has made him one of the richest men in the world, and in the process has also minted more than a dozen OTHER billionaires who followed in his wake. Perhaps most interestingly though, he has done all of this while remaining largely popular with the general public. Today, even after a long lifetime to collect potential scandals, he is one of the few global billionaires to enjoy a positive net approval rating. Which when you really think about it… doesn’t actually make that much sense. If you actually look into details of his businesses extended history you will find that; he has stripped companies for parts, helped to kick off the private equity boom, lobbied for favorable regulations at the expense of consumers, been embroiled in antitrust lawsuits, union fights, and has had more than his fair share of double standards… Like that time that he called derivatives “financial weapons of mass destruction"... right before his company sold billions of dollars worth of those same derivatives. Or made a big deal about how financially conservative he was driving a second hand car… right before purchasing a fleet of private jets. During the global financial crisis he owned businesses that allegedly gave out predatory loans to bad borrowers, while also owning a significant stake in the company that was SUPPOSED to be overseeing the same market. After that whole system imploded, he then swooped in and made billions of dollars through favorable deals with names like Bank of America and Goldman Sachs. This is not to mention that, literally, his entire business model is just moving money around to make rich people even richer! We should hate this guy right?!... and yet… we don’t… But why? **** Sources **** https://www.statista.com/chart/25360/what-americans-think-about-famous-billionaires/ https://sabercapitalmgt.com/buffetts-investment-in-dempster-mill-a-cigar-butt/ https://clsbluesky.law.columbia.edu/2015/10/16/berkshire-hathaway-as-idealized-private-equity/ https://law.justia.com/cases/federal/appellate-courts/F2/601/48/376914/ https://www.freightwaves.com/news/federal-court-rules-unions-cant-strike-over-bnsf-attendance-policy https://berkshirehathaway.com/news/may0208.pdf https://www.reuters.com/legal/us-regulator-sues-berkshire-unit-over-risky-home-loans-2025-01-06/ https://fraser.stlouisfed.org/archival-collection/financial-crisis-inquiry-commission-4967/transcript-interview-warren-buffett-531019?page=103 https://www.macrotrends.net/2324/sp-500-historical-chart-data https://www.whitehousehistory.org/the-presidents-timeline https://www.nytimes.com/1982/08/26/business/cities-service-agrees-to-occidental-s-bid-in-4-billion-merger.html https://www.cnbc.com/2018/06/19/warren-buffett-bought-a-25-pinball-machine-in-1946-and-made-money.html https://qz.com/1190595/the-typical-us-congress-member-is-12-times-richer-than-the-typical-american-household https://archive.ourworldindata.org/20250820-183452/grapher/global-gdp-over-the-long-run.html?time=1700..latest